“There is a little bit of profitability lost in those two weeks, but it's more of a definitive on when its going to be up and running again,” Mondillo said. “Overall, the announcement should be considered a positive one to the company and to the stock as well.”
LSB also said its damaged nitrogen plant in Cherokee, Ala., has been producing nitric acid and ammonium nitrate “at the targeted production level” using purchased ammonia feedstocks. An explosion ruptured a pipe at the Cherokee plant in November, causing a production slow down.
The company expects repairs to be completed and production to resume in the next three to five months at the Cherokee plant.
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